TGEN

Tecogen Announces Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, March 13, 2024
Conference, Pressure, Growth, EPS, Aegis, Webcast, Travel, Energy development, Acquisition, Net, Loss, News, Adjustment, TGEN, Conference call, OTCQX, Quarter, Depreciation, Chiller, Beauty salon

WALTHAM, MA, March 13, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire –Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $5.9 million and a net loss of $1.8 million for the quarter ended December 31, 2023 compared to revenues of $4.5 million, and a net loss of $1.4 million in 2022. The increase in net loss was primarily driven by an increase in bad debt reserves for installation projects from 2017 an increase in reserves for obsolete inventory.

Key Points: 
  • Our Adjusted EBITDA loss narrowed to $527 thousand for the quarter ended December 31, 2023 compared to $1.1 million in 2022.
  • Gross profit for Q4 2023 was $2.3 million compared to $2.4 million in the fourth quarter of 2022.
  • Adjusted EBITDA(1) was negative $527 thousand for the fourth quarter of 2023 compared to negative $1.1 million for the fourth quarter of 2022.
  • Participants should ask to be joined to the Tecogen Fourth Quarter 2023 earnings call.

Tecogen Announces Order for 12 Cogeneration Units

Retrieved on: 
Tuesday, March 12, 2024
Growth, Risk, Heat, Coronavirus, TGEN, OTCQX, Annual report, Renewable energy

WALTHAM, MA, March 12, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce an order for 12 Tecopower Cogeneration units from an existing project developer customer.

Key Points: 
  • WALTHAM, MA, March 12, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce an order for 12 Tecopower Cogeneration units from an existing project developer customer.
  • The units will be used for multiple smaller projects to be installed later this year.
  • “We are pleased that this project developer chose Tecogen again for their cogeneration needs,” commented Abinand Rangesh, Tecogen’s CEO.
  • “Our Tecopower 75KW cogeneration system provides tremendous energy savings while being easy to install.

Tecogen Announces Order for 3 Hybrid Air-Cooled Chillers and 3 InVerdes from Customer in Florida

Retrieved on: 
Thursday, February 8, 2024
Business, Heat, OTCQX, Business development, Weather, Humidity, TGEN

The chillers and InVerdes will be serviced by our Florida service center.

Key Points: 
  • The chillers and InVerdes will be serviced by our Florida service center.
  • “Florida is a perfect market for gas cooling due to the need for cooling and humidity control all year,” noted Steve Lafaille, Vice President of Business Development at Tecogen.
  • “Our hybrid chiller will have half the lifetime ownership cost compared to an electric chiller.
  • With our factory service center in Florida, customers can enjoy comprehensive factory support for all their cooling and power needs.”

Tecogen Schedules Earnings Release and Conference Call for FY 2023 Results

Retrieved on: 
Thursday, February 8, 2024
TGEN, Conference, OTCQX, Telephone, FY

WALTHAM, MA, Feb. 08, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN) will release FY 2023 financial results on Thursday, March 14, 2024.

Key Points: 
  • WALTHAM, MA, Feb. 08, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN) will release FY 2023 financial results on Thursday, March 14, 2024.
  • The earnings press release and supplemental earnings call slides will be available on the Company's website at www.Tecogen.com in the "Investor Relations" section under "Financial Results."
  • Members of Tecogen's senior management will hold a conference call and webcast on the same day at 9:30 AM Eastern Time to discuss the Company's financial performance for FY 2023.
  • The earnings conference call will be recorded and available for playback one hour after the end of the call.

Tecogen Launches Self-Learning Intelligent Control for Cogeneration Systems

Retrieved on: 
Monday, January 8, 2024
OTCQX, Heat, Risk, Machine learning, Coronavirus, TGEN, Growth, Annual report, Online shopping

WALTHAM, MA, Jan. 08, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce that Tecogen has been developing and testing machine learning based intelligent control for cogeneration and cooling systems.

Key Points: 
  • WALTHAM, MA, Jan. 08, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce that Tecogen has been developing and testing machine learning based intelligent control for cogeneration and cooling systems.
  • This is a benefit for the customer and Tecogen as it increases customer savings and Tecogen’s service revenue.
  • The capacity from multiple cogeneration systems can be aggregated and receive utility payments which can be shared with the customer.
  • Since the self-learning intelligent control system is built on our remote monitoring platform it can also be integrated with other distributed generation and cooling products.

Tecogen to Present at Sidoti Virtual Micro Cap Conference

Retrieved on: 
Thursday, January 4, 2024
TGEN, Conference, Heat, OTCQX

WALTHAM, MA, Jan. 04, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce Abinand Rangesh, Tecogen’s Chief Executive Officer, will be presenting at the upcoming Sidoti Virtual Micro Cap Virtual Conference on January 17th at 10:45 AM Eastern.

Key Points: 
  • WALTHAM, MA, Jan. 04, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce Abinand Rangesh, Tecogen’s Chief Executive Officer, will be presenting at the upcoming Sidoti Virtual Micro Cap Virtual Conference on January 17th at 10:45 AM Eastern.
  • Investors and other interested individuals may access the virtual presentation at this link or register for the conference here at Sidoti Virtual Micro Cap Conference Registration
    Tecogen will also be conducting one-on-one virtual meetings with qualified professional investors throughout the conference days of January 17th and 18th.
  • To register and schedule a time with management, please follow this link: Sidoti Micro Cap Conference Registration

Tecogen Announces Chiller Order From a Large Educational Institution in Connecticut

Retrieved on: 
Wednesday, November 29, 2023
OTCQX, GHG, Heat, Risk, Coronavirus, TGEN, Growth, Annual report, Renewable energy

WALTHAM, MA, Nov. 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce an order for a 400-ton Tecochill unit from a large educational institution in Connecticut, facilitated by Clover Corp., a long-standing Manufacturers’ Representative for Tecogen.

Key Points: 
  • WALTHAM, MA, Nov. 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce an order for a 400-ton Tecochill unit from a large educational institution in Connecticut, facilitated by Clover Corp., a long-standing Manufacturers’ Representative for Tecogen.
  • “Connecticut has some of the highest electric rates in the Northeast due to grid congestion in the area, and the Tecochill system offsets a significant amount of electrical demand,” noted Jeffrey Glick, Vice President of East Coast Sales at Tecogen.
  • “The energy savings and reliability of gas cooling compared to electric chillers over the long lifespan of the Tecochill system are significant benefits.
  • Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.

Tecogen Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Adjustment, Loss, Aegis, Energy development, OTCQX, EBITDA, Quarter, Acquisition, Conference, TGEN, Maintenance, News, EPS, Webcast, Travel, Conference call, Depreciation, New Çeltek events, Collection, Beauty salon, Cryptocurrency, Bank, Music, Rare-earth element, Property insurance

WALTHAM, MA, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $7.1 million and a net loss of $0.5 million for the quarter ended September 30, 2023 compared to revenues of $6.6 million, and a net loss of $0.3 million in 2022. For the nine months ended September 30, 2023 revenues were $19.2 million and the net loss was $2.8 million compared to revenues of $20.5 million, and net loss of $1.0 million for the same period in 2022.

Key Points: 
  • Gross profit for Q3 2023 was $2.9 million compared to $2.9 million in the third quarter of 2022.
  • Adjusted EBITDA(1) was negative $182 thousand for the third quarter of 2023 compared to negative $72 thousand for the third quarter of 2022.
  • Conference Call Scheduled for November 9, 2023, at 9:30 am ET
    Tecogen will host a conference call on November 9, 2023 to discuss the third quarter results beginning at 9:30 AM eastern time.
  • Participants should ask to be joined to the Tecogen Third Quarter 2023 earnings call.

Tecogen Schedules Earnings Release and Conference Call for Q3 2023 Results

Retrieved on: 
Monday, October 23, 2023
OTCQX, Financial result, Telephone, Conference, TGEN, Broadcasting, Webcast

WALTHAM, MA, Oct. 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN) will release Q3 2023 financial results on Thursday, November 9th, 2023.

Key Points: 
  • WALTHAM, MA, Oct. 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX: TGEN) will release Q3 2023 financial results on Thursday, November 9th, 2023.
  • Members of Tecogen's senior management will hold a conference call and webcast at 9:30 AM Eastern Time to discuss the Company's financial performance for Q3 2023.
  • The earnings press release and supplemental earnings call slides will be available on the Company's website at www.Tecogen.com in the "Investor Relations" section under "Financial Results."
  • The earnings conference call will be recorded and available for playback one hour after the end of the call.

Tecogen Announces Obtaining $1.5m Credit Facility

Retrieved on: 
Tuesday, October 10, 2023
OTCQX, Credit, Coronavirus, TGEN, Credit agreements in South Africa, Growth, Annual report, Risk, Bank

The line of credit has no fees or interest unless drawn upon and matures 12 months from date of agreement.

Key Points: 
  • The line of credit has no fees or interest unless drawn upon and matures 12 months from date of agreement.
  • Interest on the line is at the minimum Federally Applicable Rate and will be paid on maturity.
  • The minimum drawdown on the facility is $500,000.
  • “This line of credit provides additional liquidity for the company at favorable terms and helps strengthen our balance sheet.